BPOI Banner
Follow
Follow
Facebook Twitter Instagram Youtube
JOIN OUR TRADING GROUP
Facebook Twitter Instagram Youtube
MicroStrategy's Michael Saylor Predicts Bitcoin Price Will Rise to $13 Million MicroStrategy's Michael Saylor Predicts Bitcoin Price Will Rise to $13 Million

Michael Saylor’s MicroStrategy Plans to Raise $700M to Buy More Bitcoin

September 16, 2024

MicroStrategy, the largest corporate reserve holder of Bitcoin with over $14 billion worth, announced Monday that it plans to buy even more Bitcoin as part of a private offering of $700 million worth of convertible senior notes.

The firm said that it will use proceeds from the sale to redeem $500 million in previous senior secured notes that are due in 2028, with an expected total cost of $523.8 million including interest. MicroStrategy then plans to use any remaining proceeds to purchase more Bitcoin and for general corporate purposes.

MicroStrategy now holds 244,800 Bitcoin—about $14.2 billion worth—after announcing its most recent purchase on Friday.

Editor’s note: This story is breaking and will be updated with additional details.

Daily Debrief Newsletter

Start every day with the top news stories right now, plus original features, a podcast, videos and more.

Source link

Andrew Hayward

https://decrypt.co/249700/michael-saylors-microstrategy-plans-to-raise-700m-to-buy-more-bitcoin

2024-09-16 20:31:48

byAndrew Hayward
Updated

Read more

bitcoin
Bitcoin (BTC) $ 95,480.58 1.64%
ethereum
Ethereum (ETH) $ 3,283.68 1.32%
tether
Tether (USDT) $ 1.00 0.11%
xrp
XRP (XRP) $ 2.20 1.42%
bnb
BNB (BNB) $ 648.77 1.69%
solana
Solana (SOL) $ 180.98 0.06%
dogecoin
Dogecoin (DOGE) $ 0.312031 3.00%
usd-coin
USDC (USDC) $ 1.00 0.12%
staked-ether
Lido Staked Ether (STETH) $ 3,276.59 1.35%
cardano
Cardano (ADA) $ 0.884148 2.03%
tron
TRON (TRX) $ 0.244363 0.11%
avalanche-2
Avalanche (AVAX) $ 36.55 2.22%
chainlink
Chainlink (LINK) $ 22.15 0.52%
the-open-network
Toncoin (TON) $ 5.40 2.11%
wrapped-steth
Wrapped stETH (WSTETH) $ 3,892.35 1.40%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 95,197.51 1.90%
shiba-inu
Shiba Inu (SHIB) $ 0.000022 0.90%
sui
Sui (SUI) $ 4.32 0.79%
stellar
Stellar (XLM) $ 0.356813 0.22%
polkadot
Polkadot (DOT) $ 6.84 1.33%
hedera-hashgraph
Hedera (HBAR) $ 0.265661 4.96%
hyperliquid
Hyperliquid (HYPE) $ 29.21 9.19%
weth
WETH (WETH) $ 3,280.25 1.37%
bitcoin-cash
Bitcoin Cash (BCH) $ 446.66 2.21%
leo-token
LEO Token (LEO) $ 9.32 0.00%
uniswap
Uniswap (UNI) $ 13.91 4.37%
pepe
Pepe (PEPE) $ 0.000018 2.86%
litecoin
Litecoin (LTC) $ 99.64 1.30%
wrapped-eeth
Wrapped eETH (WEETH) $ 3,463.20 1.40%
near
NEAR Protocol (NEAR) $ 5.03 0.83%
ethena-usde
Ethena USDe (USDE) $ 0.999986 0.04%
bitget-token
Bitget Token (BGB) $ 4.13 0.41%
usds
USDS (USDS) $ 0.999312 0.10%
aptos
Aptos (APT) $ 9.29 0.90%
internet-computer
Internet Computer (ICP) $ 9.97 0.61%
aave
Aave (AAVE) $ 317.17 6.21%
crypto-com-chain
Cronos (CRO) $ 0.154475 1.71%
polygon-ecosystem-token
POL (ex-MATIC) (POL) $ 0.473691 0.60%
mantle
Mantle (MNT) $ 1.17 0.92%
ethereum-classic
Ethereum Classic (ETC) $ 26.06 0.27%
vechain
VeChain (VET) $ 0.045765 1.53%
render-token
Render (RENDER) $ 7.06 0.13%
whitebit
WhiteBIT Coin (WBT) $ 24.47 0.11%
mantra-dao
MANTRA (OM) $ 3.70 2.01%
monero
Monero (XMR) $ 189.41 3.39%
dai
Dai (DAI) $ 1.00 0.24%
bittensor
Bittensor (TAO) $ 452.87 0.48%
fetch-ai
Artificial Superintelligence Alliance (FET) $ 1.25 0.39%
arbitrum
Arbitrum (ARB) $ 0.747134 0.49%
ethena
Ethena (ENA) $ 1.05 4.49%